- Paperback: 384 pages
- Publisher: Oneworld Publications (6 Feb. 2014)
- Language: English
- ISBN-10: 1780745486
- ISBN-13: 978-1780745480
- Product Dimensions: 12.9 x 2.7 x 19.8 cm
- Average Customer Review: 4.6 out of 5 stars See all reviews (17 customer reviews)
- Amazon Bestsellers Rank: 160,617 in Books (See Top 100 in Books)
Inside Job: The Financiers Who Pulled Off the Heist of the Century Paperback – 6 Feb 2014
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'Ferguson presents a fierce indictment of predatory activities of parts of the financial system and of the corruption of democracy that ‘big money’ financial lobbying has caused. A book well worth reading regardless of whether you fully agree or not with all of its arguments.'(Kirkus Reviews)
'As gripping as any thriller.'(The Guardian)
'One of the outstanding journalistic achievements of the past decade.'(Daily Mail)
'A fierce indictment.'(Nouriel Roubini - Professor at New York University and author of Crisis Economics)
'This take-no-prisoners account of the financial crisis follows the money, connects the dots, names names, and asks the questions our leaders still refuse to answer: how have those responsible for the crisis not been held accountable, and how can we make sure it doesn’t happen again?'(Arianna Huffington - Editor-in-Chief of the Huffington Post)
'He’s clever, he’s funny, he doesn’t pull punches... If only righteous fury were always this enjoyable.'(Guardian)
'One of the outstanding journalistic achievements of the past decade.'(Daily Mail on the film Inside Job)
'I was totally gripped and have sat up in bed every night reading [Inside Job] until my eyes just couldn’t stay open any more. I liked the film, and the book is even better... you have to read this book.'(Financial Times)
'This take-no-prisoners account of the financial crisis follows the money, connects the dots, names names….'(Arianna Huffington Huffington Post)
About the Author
Charles Ferguson won an Oscar in 2011 for Inside Job, his documentary on the financial crisis, and was an Oscar nominee for his first documentary, No End in Sight, on the war in Iraq. He has written four books, and is a life member of the Council of Foreign Relations and a director of the French-American Foundation.
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Top Customer Reviews
I previously had a fairly vague idea of the reasons behind the crisis, and tended to the view that yes the bankers were overpaid and greedy, but that we had all participated in borrowing and spending "easy money". I thought that the crisis was simply an unforseeable accident.
The book soon wiped away this view. Ferguson writes well and describes in easily understandable language just what was behind the crisis. He explains sub-prime mortgages, structured products, derivatives and hedge funds, CDOs and other exotic financial instuments. I now feel that I understand what these things are. Ferguson's writing style is clear and pleasurable to read, his only failing in this respect is that he often repeats things later on, but this is a minor irritation.
The book is well researched and backed up with extensive citations and references - the last 20% of the Kindle edition. What really opened my eyes was his detailed account of how the entire finance industry, banks, investment banks,mortgage lenders, ratings agencies, academics, regulators (in the USA) and insureres are all in each others pockets, with a common goal of self-enrichment at all costs. It is truly horrifying to learn that even when the property bubble was deflating, investment banks and insurers were offloading toxic assets onto unsuspecting investors, even betting (via "shorts") that these investment funds, sold to inexperienced or non-savvy institutions, would fail.
This book is a biting indictment of a system which rewards insiders by huge salaries and bonuses, while allows failure and fraud to go unpunished.Read more ›
It's also more up-to-date, of course. However the final chapter on "What should be done" is very brief - none of the ideas are fully developed. And the book has several irritating typographical errors, especially near the beginning - the odd word missed out or two words conflated. Not to mention the use of the word "incented" instead of "incentivised"; not a word I was able to find in the dictionary online (English or American).
It is largely focused on the US financial shenanigans and misbehaviour, along with the subsequent sweeping under carpets of the many mis-demeanours that have taken place - so if you're looking for details on the UK's part in the 2008 financial crisis this isn't it - but still worth reading. I read it on the beach during the summer and kept having to go for a swim in order to cool down!
This book is absolutely excellent in 3 things
1) Documenting precisely with a lot of information about the people, institutions and companies involved in building up and dealing with the 2008 financial crisis. The author also does a brilliant job in presenting this material in a well connected way that really paints a picture of the situation and dynamics that led to the market collapse.
2) Analyzing the environment (political institutional and social) in which the conditions and behavior triggering the crisis built up. This is the kind of analysis you'd expect to find in history books for past events and is a joy seeing the approach used on a recent event, it really gives a chance to look at our era with the eye of someone trying to understand 2008 as a point in history and not as a self standing episode.
3) Questioning the social and political status quo that brought us so close to the collapse of the world economy and possibly of the society as we know it. The author poses a number of questions on what to expect next and where the trends that lead us to the crisis will lead us next.
I find that overall every minute spent on reading or thinking around the topic discussed in this book is a well invested minute.
Most Recent Customer Reviews
Inside Job: The Financiers Who Pulled Off the Heist of the Century
Excellent in every way- clarity of thought, explaining the incomprehensible and actually readable w/o coma.Published 22 months ago by Saara Boo Harma
I found this kindle edition of this book hard to put down at times such was my interest in what he had to write. Read morePublished on 18 Sept. 2014 by history fan
Charles Ferguson in 'Inside Job' sets out incontrovertibly and in a highly readable fashion, how the much once highly respected financial industry and its senior executives went... Read morePublished on 20 Nov. 2013 by DOPPLEGANGER
I loved the film and the book is very bit as good a truly fascinating insight to the nature of finance and the causes of the crash. Read morePublished on 13 Jun. 2013 by Jez Nash
I have always wondered that despite the fact the world was bought to its financial knees by the bankers from 2008, no-one has really been held to account - neither are they ever... Read morePublished on 5 May 2013 by R. Sykes
The author is obviously angry at the inaction of authorities, however reducing the rhetoric and focussing on the data would have made the book more readable.Published on 14 April 2013 by Amazon Customer
Detailed and insightful critique of corporate America, although Europe is mentioned too. The writing at times got a bit panic stricken. Read morePublished on 4 Mar. 2013 by R D Droy